Michael Jordan buys the Charlotte Bobcats
A few weeks ago, Robert L. Johnson put the pressure on Michael Jordan. Last summer, he revealed his intentions of selling the Charlotte Bobcats. Among the first people to show interest was Michael Jordan. But, as the season started, Jordan did not make a move. Soon, all talk of the Bobcats being sold was ended.
Last month, Johnson made a public announcement aimed at Jordan. He said that the team would be sold before the end of February 2010. With Jordan already being a part-owner of the team, he had a lot to lose if someone else bought the team. Right then, he assembled an ownership group and the announcement was made official over the weekend.
After nine months of speculation, it was official and Michael Jordan was the official owner of the Charlotte Bobcats. This comes after an unsuccessful stint with the Washington Wizards. His time as an executive was viewed as a major failure until this season with the Bobcats. The team is currently competing for a playoff spot and they are likely to become contenders within the next few years.
